Monday 19 November 2007

Tax amnesty for UK offshore accounts!!

The Sunday Times reports that some 64,000 taxpayers have come forward under
the tax amnesty launched by the HMRC to pay unpaid tax and a 10 per cent
fine unlike the usual 100 per cent fine. The British tax body has raised
£140m so far and expects to reach a figure of around £500m by the late
November deadline.

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